[TheRubyist]

Can we say that mBTC is some kind of devaluation tool to fight with inflation process which participants of the system are trying to build ?

[greyfade]

Think of it rather as redenomination.

There has been no change in value. We're just talking about it with smaller numbers.

[snitko]

Do you even understand what inflation is?

[TheRubyist]

I understand benefits of devaluation if there is a hyper inflation. There is no authoity that could really devaluate bitcoin price, but we could try to devaluate peception of unit here.

[colanderman]

…except BitCoin isn't experiencing inflation. It's experiencing deflation.

(Inflation is when the value of a currency decreases, causing the price of goods in that currency to increase or inflate.)